Latrobe Store

Analysis

Latrobe Store is a registered charity in United States, based in Latrobe, PA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Latrobe Store reported income of $335k and spending of $354k, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $285k to $335k (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2022, when income rose by 75%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latrobe Store sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Sema Foundation ($335k), Bethlehem Ministry Inc ($335k) and New Christian Bible Study ($335k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $1.2m against liabilities of $2,343, net assets of $1.2m.